The Asian Development Bank (ADB) has decided to assist Sri Lanka with 505 million US dollars this year.
ADB hope to focus on areas such as the private sector development, knowledge solutions and development of advanced infrastructure.
ADB said through this they hope to transform Sri Lanka into an upper-middle-income country.
“Sri Lanka has emerged in recent years as one of the most dynamic countries in South Asia. With a sophisticated work force, and a strategic location that links Asia to Europe, the country is well positioned for strong economic growth for years to come,” ADB’s report said.